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20121205
20121213
STATION
CNBC 5
MSNBCW 2
MSNBC 1
LANGUAGE
Search Results 0 to 8 of about 9 (some duplicates have been removed)
CNBC
Dec 12, 2012 6:00am EST
, andrew. >> let's talk about the fiscal cliff. i want to talk to you specifically about something else going on in the washington. you were no fan of the president in the run up to the election and there were so many people on wall street who frankly were not fans and were outspoken about it. now, there seems to be a move afoot within washington and some level on wall street to try to mend those fences. what's going on? can you take us behind the scenes a little bit? >> i think it's pretty clear we're supposed to be one country. we have a new president, we have a four year run and i think people have to find some common ground. i think the president is reaching out pretty aggressively in the context of trying to make connections to the other side to get a budget deal done which i think he's really very committed to wanting to do. >> when you look at the election results, and you look at where we are in this conversation about the fiscal cliff and raising taxes, do you say to yourself, that he has a mandate to raise tax rates or not? >> well, geez, i think he thinks he does in a certain
MSNBC
Dec 11, 2012 3:00am PST
's not what the american people thought the fiscal cliff was about. they thought it was about trying to have something to force us, force our congress and our president to do something about the deficit and debt situation. everything they're talking about will make it worse. >> what's the answer? will we have the deal? >> the real answer is to have comprehensive. look at this. i as a republican, i would take raising the rates on the two top brackets if, in return, we had tax reform laid out over a period of months, if we had entitlement reform. we have to control defense spending. we have to control other no non- -- other discretionary non-defense spending. i think if you have the whole package, i would hold my nose despite the fact raising those two tax brackets is bad economics, bad for jobs, will hurt the economy, i would hold my nose to get the other done. what i wouldn't do is vote for that and do nothing else. >> agree completely. what i've been saying here. steve rattner. >> i agree completely. to get a big deal we all have to hold our nose a little bit and accept things we don't want
CNBC
Dec 11, 2012 6:00am EST
. and -- >> but for everybody to -- to do that, to say we have to go over this fiscal cliff -- >> we don't have to -- >> in order so that everybody -- >> you could have legislation ready to introduce that week. >> congressman hensarling, before you go, something like that, would -- i mean i hear this from both sides, that if we just go over the president would introduce this legislation to lower rates, republicans who have signed grover norquist's pledge would be able to go along with that and say this is what we did. i didn't vote to raise taxes, i voted to lower taxes. is that the most likely scenario? >> makes sense? >> i'm not a las vegas bookie so i'm not going to say what is most likely scenario. i don't know and my crystal ball is a little fuzzy. again all this talk of taxes is marginally irrelevant. you give the president all of the tax increases that he has requested it's roughly about 23% of his ten-year spending budget. even 1.6 trillion. at most is maybe, 22%, 23%. the additional -- >> but going over that cliff, that's real money. and by the way, that's not that revenue thing. that'
CNBC
Dec 12, 2012 2:00pm EST
there, given on the fiscal cliff, it s it possible if policy makers didn't agree to a deficit deal by the end of the year and we were to two over the fiscal cliff that size of the asset purchase could indeed grow in response to that. and more specifically the coined the phrase fiscal cliff. and i want to get your take on whether you feel it is still the most appropriate language to describe what will happen at the againing of the year. some are some americans alarmed by the term. do you feel it is appropriate with the fiscal contraction that would come if there is no deal? >> well, the first part of your question is, it is the economy went off the fiscal cliff, our assessment, cvo, all think there are adverse effects on the economy and unemployment rate. so on the margin we would try to do what we could. perhaps increase a bit. but again, i i want to be clear that we cannot offset the full impact. it is too big given tools and limitations on policy tool kit at this point. on terms of the terminology, well, and people have different preferences about what they want it call things, i
Current
Dec 5, 2012 3:00am PST
. this is the piece of the story that is forgotten over and over again. the fiscal cliff is a creation of the republican party. had it not been for a republican party that was unwilling to grant this president an extension on the debt ceiling -- >> which every other president has been able to get in a bi-partisan fashion. >> absolutely. then we wouldn't be here right now. we would not be on the edge of the cliff. it's a precarious thing to negotiate around when you consider we might get thrown into a recession if we do go over it. but the more i watch the right, it the more it looks like something is going to have to budge over there. you look at the pugh poll that came out yesterday. 53% of americans would blame republicans if we go over the cliff. only 26% would blame president obama. >> yeah. >> what do we knew about polling? that there are 20% of americans that will always side with republicans. george bush left office with a 20% hard-core approval rating. the iraq war seven years in had a 20% approval rating. so obviously it's that 20% that's bl
CNBC
Dec 7, 2012 6:00am EST
about something else. >> couldn't the sandy weakness then be followed by fiscal cliff worry weakness. even if we don't go over the cliff. we could go above 8% and all of a sudden -- >> we could. and i'm expecting over 8% today or around 8% or more. and just to explain, there's a couple things going on. it's an earlier thanksgiving. so as i understand it, the bls moved survey week backwards to 11/5 from 111/12. that means it further back into the teeth of sandy's effects. all the peek out ople out of wo couldn't find work if they were looking for it. however the earlier thanksgiving also means retailers hire earlier. so you have these two forces. and zandi said there was two things, plus 86 from sandy, minus 60 or 70 because you have a seasonal effect of earlier retailers. on the jobs number. on the jobs number. so these offset? hiring for retail means a positive. less hiring for -- because of sandy is a negative. could they offset? >> there has to be some netting. there are special effects in the reports you're trying to sort out. and there's also the question of what the the economy
MSNBC
Dec 6, 2012 3:00am PST
cliff. >> i know, the way he said that was unnerving. let me tell you something. >> it's also just that egotism that everybody reacts to. >> i was in china for ten days and with a group of mayors, the mayor of philadelphia, beijing, mayor nutter. and you know, people in china are asking about the fiscal cliff. everywhere we went. what's going on with you people? so the world is watching. and it's not just us. and i don't care, maybe you think the chinese, well, too bad for them, but it's not just the chinese, it's europe, and they're blaming the fact that their economies aren't going based on the fact that we're in this stalemate. you know, it's huge. >> harold, i mean, it all comes down to leadership. you know, when you talk to business owners, they want leadership shown. i'm glad the president is talking to business leaders now. >> and a debater on the phone. >> not only the administration but also on the other side of pennsylvania avenue with the republicans and harry reid in the senate. you're just not seeing it. >> you don't see enough of it. curiously, the markets -- investor
CNBC
Dec 6, 2012 6:00am EST
anything done. the fiscal cliff hits. the arguments i just pa about the withholding tables and cutting spending, are not generally talked about. a lot of people deny they can be done. we're confident they can. so the question then becomes what's the impact, where is the impact. and the impact is equity markets end of next week will say these guys aren't going to get it done, we won't have a deal january 1, everything falls apart, that's assuming of course we all get past december 21st. >> so basically week and counting before you think the equity market really drops significantly? >> if we do get a deal done do, we just maintain the 2% that we're stuck in with the high unemployment and not go down? or does it actually allow us to start growing again? is anybody talking growth? >> we're talking growth. >> is it possible to ever get back to that in this environment? >> it is. you have a lot of problems with the piece. >> do you briyou believe if you rote deficit -- two different ways. you either keep the government that you have and pay for it by raising taxes, or you kind of leave taxes
Search Results 0 to 8 of about 9 (some duplicates have been removed)